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20121215
20121215
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, connecticut, 1837. c-span: what were his parents like? >> guest: his father was a very successful merchant, junius spencer morgan, who worked in hartford and then boston, and then moved to london in 1854 to become an anglo-american merchant banker. and he and pierpont, basically, were funneling european capital to the emerging american economy. i mean, we really were the emerging economy in the 19th century. he was very conservative, very upright, very much concerned to build an international banking dynasty that would rival the rothschilds and baring brothers, and he did. i mean, over the next 80 years, the morgan bank--especially in america--rothschild didn't really see what america was going to be. they had one man, august belmont, who was very good. but junius morgan staked the future on his son and on america. he was very, very supervisory and censorious and critical of his son, and determined that his son was going to be sort of an upright man with a solid-gold reputation. and pierpont was not--he was not following in the paternal footsteps early on. he was much more likely to take r
Search Results 0 to 0 of about 1